170
170
Nov 30, 2012
11/12
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KCSM
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investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets have ben liquidated and notnl d.subsidiaries were present in more than 40 of hman's german unihas fouone othn 'ssss e figr yrs, aun 10ttne a bkrtc on eimehodotal fs ul basig mewhe,edris te lmaroerfid rak srt brk. wh wco bk, btay rtedndurreby soie tnk ftang wh us. >> welcome back. epitfreom i spadg si the long crh pteer tangohe see tay >> riot police moved in to break ahr-mohrotest against a me n ba ine mpy. tnse said truckloads of police aiv tov u demonsators. activists say almost 50eonjed >>heig t pte war of burma'sraitnowd rerm b ctics the latest police action show jt w sneeho rctns are. >> many of the injured were
investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for exple, are doing jt that r lehman brothers re in germany, and today, they've been trying manthstify their massive fees. them as well. lehman' a grn b >> risky speculation on the u.s. housin mkeas in septemberpa collse then, its assets...
134
134
Nov 29, 2012
11/12
by
KCSMMHZ
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eye 134
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investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for example, are doing just that for lehman brothers here in germany, and today, they've been trying to justify their massive fees. >> lehman brothers creditors have not been happy with their demands, but there's good news for them as well. lehman's assets in germany turned out to be much higher than first thought. >> risky speculation on the u.s. housing market triggered the global financial crisis as well as the downfall of lehman brothers, once the world's fourth largest investment bank. in september 2008, the company collapsed and went bankrupt. since then, its assets have been liquidated and not only in the u.s. lehman brothers had a huge network in the financial world. subsidiaries were present in more than 40 countries, including germany. the bankruptcy administrator of lehman's german unit has found around 15 billion euros of assets. one of th
investigators are currently looking into similar incidents of alleged tax evasion at other institutions. >> there's a lot of money in going bankrupt. that is if you are the one winding up a big company that goes bust. >> a german law firm, for example, are doing just that for lehman brothers here in germany, and today, they've been trying to justify their massive fees. >> lehman brothers creditors have not been happy with their demands, but there's good news for them as well....
133
133
Dec 7, 2012
12/12
by
CSPAN
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eye 133
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tax rates. in addition, a reduction in the value of deductions and other expenditures. higher taxes on capital gains, dividends. the way i count this up, if you include the limitations, the top marginal tax rates for some would be between 41 and 45%. that is just the federal level. we have states with varying income tax rates. some americans would be paying more than half of their income. it would exceed 50%. if the president got all the tax increases that he wants, is likely that could precipitate a recession? >> it is not only likely, it would certainly do so. it is cataclysmic. if we go from a 15% dividend tax, to 45%, that is ridiculously bad news for an equity markets. it is something we saw on the other side. call for response to the dividend tax reductions and there was a lot of positive movement. as a package, there is a question of how negotiations work and maybe you want to start negotiations with an extreme position, i cannot imagine anybody looking at proposal and not arguing that it
tax rates. in addition, a reduction in the value of deductions and other expenditures. higher taxes on capital gains, dividends. the way i count this up, if you include the limitations, the top marginal tax rates for some would be between 41 and 45%. that is just the federal level. we have states with varying income tax rates. some americans would be paying more than half of their income. it would exceed 50%. if the president got all the tax increases that he wants, is likely that could...
82
82
Dec 7, 2012
12/12
by
CSPAN2
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eye 82
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you, don't tax me coming and you will find that out. estimate on the second piece and then on the second piece. the first piece, the danger with putting the goals in the savings and cuttings and taxes in its regular order i'm afraid the regular order won't produce the results. to build another fiscal what on pressure which puts us right back where we are or have a default mechanism which the policy set aside that was sides don't like about media is a lot of bad alternatives for both. it's important for people to understand in the current lull this is a fact. if the converse packed its bags right now and went away at the end of the tenure period the deficit to gdp ratio would be under 1%. succumbing you would solve the deficit problem. estimate under 1%? the percentage of your debt as the deficit to the gdp. the deficit to gdp. a deficit to gdp. now, we don't want to get there that we. the same way we don't want to go over the fiscal cliff. in other words, the fiscal cliff is a big austerity. we get $7 trillion in the deficit reduction o
you, don't tax me coming and you will find that out. estimate on the second piece and then on the second piece. the first piece, the danger with putting the goals in the savings and cuttings and taxes in its regular order i'm afraid the regular order won't produce the results. to build another fiscal what on pressure which puts us right back where we are or have a default mechanism which the policy set aside that was sides don't like about media is a lot of bad alternatives for both. it's...
99
99
Dec 1, 2012
12/12
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CSPAN
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eye 99
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there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim from twitter says -- guest: absolutely. a lot of these credits and deductions, the standard deduction exceeds what you would get, that you just take that. host: the specific credits we have been talking about prompt a question from cindy. guest: yes. you generally have to be working are working outside the home. host: is there an hour requirements? guest: there are a lot of specific requirements. host: kay from richmond, virginia. caller: if somebody is working as hard as they can and making less than $50,000 a year, they count on this refund every y
there is also other taxes like gasoline tax, phone tax. we pay a lot of money to foreign countries that we do not need to. as i think about taxes. guest: this is kind of one of the ideas that republicans talk about, and democrats talk about when we talk about moving to tax reform. it is getting the individual provisions. right now it is a complicated mess. the kind of start over with a simple system that has a few income brackets. easier said than done. that is one of the goals here. host: jim...
164
164
Nov 30, 2012
11/12
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CSPAN
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eye 164
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the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has come together. you can't get here from here in terms of deficit reduction and fiscal soundness without having revenues be on the table. i'd like to yield to the assistant leader for his comments. >> thank you. i think that this meeting was very very fruitful. it simply remind us once again of exactly why we are here. but i don't know -- but i would add to what the leader has said the time for posturing is over which we are in the holiday season when people will love to turn to their families with some certainty and i think we ought to give them that. and it's very easy to do. the president has la
the president has been clear and we support him on holding firm to the 250 tax cuts, expiration of tax cuts for people making over $250,000 a year. that would be part of a big package that has big can cuts. we've already voted for over a trillion dollars in cuts. revenue is needed and job creation is essential to reduce the deficit. we believe if you want to reduce the deficit grow the economy. it's all together. that is attested by every bipartisan task force, commission, you name it that has...
125
125
Dec 6, 2012
12/12
by
CSPAN2
tv
eye 125
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tax reform. each should be made permanent or fazed out based on that review, but realistically, the congress will not make those decisions before the end of this year. tax reform will take the better part of a year to accomplish or perhaps even longer. we will need to pass an extenders bill before then, and we have one before us today that is worthy of being passed. a third reason we should pass the tax extenders package now and not wait until the 11th hour is that waiting could force the i.r.s. to delay the tax filing season by ten weeks or more for millions of americans. in fact, we are at the 11th hour. i should amend my comments to make that point very clear. this need for the i.r.s. to delay the tax filing season is because the bill extends many provisions that expired at the end of 2011. they need to be extended for 2012 before people file their tax returns beginning in january of 2013. after congress acts, if it acts, the i.r.s. needs weeks to finalize tax forms and instruction books and t
tax reform. each should be made permanent or fazed out based on that review, but realistically, the congress will not make those decisions before the end of this year. tax reform will take the better part of a year to accomplish or perhaps even longer. we will need to pass an extenders bill before then, and we have one before us today that is worthy of being passed. a third reason we should pass the tax extenders package now and not wait until the 11th hour is that waiting could force the...
228
228
Nov 30, 2012
11/12
by
MSNBCW
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eye 228
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number one, tax revenues have remained about the same regardless of tax rates. the government sort of takes in about the same regardless. and while federal income tax rates have gone down for lower and middle income families since 1980, state and property taxes have gone up by about the same amount. so federal has gone down. so here is my bumper sticker for you guys. maybe i'll print it up this weekend. >> sure. >> blame your mayor and governor. don't blame your president. >> okay 0. see, on that note then, joe, i just -- i know that it's not -- when he says i won and you don't like it, he's just putting out something there that just seems like a little tone deaf to what republicans want to hear. there are some, the consumer confidence, housing, the news on the economy, there are some signs that perhaps this administration might know what they're doing. is that fair to say? >> hold on. >> so you can't say it. >> i can't even say it. >> why don't you pull a mitch mcconnell on me? brian sullivan, thank you. all right, coming up -- >> that's how mitch mcconnell lau
number one, tax revenues have remained about the same regardless of tax rates. the government sort of takes in about the same regardless. and while federal income tax rates have gone down for lower and middle income families since 1980, state and property taxes have gone up by about the same amount. so federal has gone down. so here is my bumper sticker for you guys. maybe i'll print it up this weekend. >> sure. >> blame your mayor and governor. don't blame your president. >>...